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SBA loans

Mid-Island Commercial Lending offers a number of SBA guaranteed loan programs to assist small businesses. While SBA itself does not make loans, it does guarantee loans made to small businesses by private and other institutions.We can help you obtain the financing you require for a refinance of an existing mortgage(s), or a purchase of a new commercial property.

Owner operated Commercial properties ONLY
Loan sizes ranging from $200,000 to $5,000,000 competitive rates

Below is an overview of SBA’s guaranteed loan programs. For more information, click on the name of the program.

7(a) Loan Program:
This is SBA’s primary and most flexible loan program, with financing guaranteed for a variety of general business purposes. It is designed for start-up and existing small businesses, and is delivered through commercial lending institutions.

The major types of 7(a) loans are:

  • Express Programs
  • Export Loan Programs
  • Rural Lender Advantage Program
  • Special Purpose Loans Program

CDC/504 Loan Programs:
This program provides long-term, fixed-rate financing to acquire fixed assets (such as real estate or equipment) for expansion or modernization. It is designed for small businesses requiring “brick and mortar” financing, and is delivered by CDCs (Certified Development Companies)—private, non-profit corporations set up to contribute to the economic development of their communities.


 
     
Equal Housing Opportunity

Get started today! Contact Stephen Riley, Mid-Island Commercial Director at 781-722-1704

about Mid-Island Mortgage Corp | Multi-Family Loans | Mixed-Use Loans | SBA Loans | Bridge Loans

Mid-Island Mortgage Corp. | 900 Merchants Concourse | Westbury | New York | 11590

Licensed Mortgage Banker-NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; Virginia State Corporation Commission #MC-4685; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; CT, DE, MD & MN Licensed Mortgage Lender; SCBOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; ND Money Broker; SD Licensed Lender; DC Mortgage Dual Authority Licensee;

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Mid-Island Mortgage Corp. NMLS# 1259

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